GFM Network News


Strong soybean performance is primarily what bolstered a record August.

Comment: China making good on Phase 1 trade deal

U.S. farm exports to China hit new August record thanks to soybeans

U.S. agricultural exports to China had a sluggish start to 2020 relative to the lofty expectations set forth by the Phase 1 trade agreement, but the August value soared substantially over that of the prior months owing to strong soybean shipments. U.S. cotton exports to China hit a 7-1/2-year high in August, while corn shipments

Comment: Interpreting bin-busting yield outlooks for the U.S. corn crop

Lower acres look to be offset by higher production in much of the Corn Belt

Reuters – The corn supply outlook in the United States got much tighter when it was revealed that farmers this year significantly reduced planted acres from their original plan, but unprecedented yields could load back up the balance sheet. The U.S. Department of Agriculture unveiled its first survey-based yield outlook August 12, and at press


China’s U.S. soy bookings hit six-year highs

Average sales seen to other destinations

China has returned in full force to the U.S. soybean market following the trade dispute that began two years ago, giving American exporters hope that the upcoming shipping season will be their most successful in three years. The Phase 1 trade deal signed at the beginning of this year implied China must book record or

Comment: U.S. soy exports to China at 16-year lows so far in 2020

With prices very competitive however, lofty total-year sales forecasts may still be attainable

Reuters – U.S. soybean exports had a dismal April performance and possibly an even worse showing in May as shipments to China remain historically low, but corn exports hit a one-year high in April and improved on those volumes last month. Soybean sales were relatively strong in May and that could continue since the U.S.

Fading U.S. soybean exports threaten to expand stockpiles

There’s little sign China will be an enthusiastic buyer in the coming months

Reuters – It might take some extraordinary circumstances for U.S. soybean shipments to approach the government’s full-year target. Without an extended turnaround in export demand, U.S. soybean stockpiles could swell to the second-highest levels on record by September. China is likely the only country that could provide the needed lift to U.S. soybeans, but given


Nearly 16 million corn and soybean acres sat idle in 2019 due to the excessive rains.

Comment: U.S. farmers ramp up corn, soybean acres

The trend comes amid historically low futures prices

Reuters – New-crop corn and soybean futures on the Chicago Board of Trade have reached the lowest March levels in more than a decade with just a few weeks until the kickoff of the U.S. planting season. But despite the low prices, U.S. farmers are expected to boost acreage significantly over last year’s levels, which

Weak currency supports Brazilian selling

The weak real is seeing real returns for Brazilian growers rising as markets fall

Reuters – Brazil might not be harvesting soybeans at a record pace, but farmers there are certainly selling their crops at a much quicker clip than usual due to the weak currency and uncertainty over how the U.S.-China trade deal will affect their business. Brazil typically ships more than half of its annual soybean exports




U.S. soybean sales are at a 13-year low.

Comment: U.S. corn, soy sales at 14-year low

The dawn of the new U.S. marketing year comes with burdensome supplies and absent buyers

As the 2019-20 U.S. corn- and soybean-marketing years begin, the amount of product sold for export through mid-month is dismal, dampening the chances of trimming domestic supplies over the next year. Through Aug. 15, some 9.94 million tonnes of corn and soybeans have been sold to foreign buyers for shipment in 2019-20, down 55 per